WikiFX

Sagot

Based on my own careful review and what I could gather about IFIC Bank as a prospective forex trader, I did not find any clear or published information regarding whether they offer fixed or variable spreads. In my experience, transparency around trading costs like spreads is vital for safe risk management, and platforms that operate without robust regulatory oversight or provide vague cost structures can present added risks. IFIC Bank, being unregulated and primarily advertising deposit and savings products, does not position itself as a transparent, dedicated forex broker. This lack of clarity makes it impossible for me to judge how their spreads perform—especially during periods of high market volatility, such as major news events, when liquidity often dries up and spreads can widen dramatically on variable accounts. If fixed or variable spreads were central to my strategy, I would be deeply concerned that IFIC Bank does not publish this information. In my experience, reputable, regulated brokers will openly disclose their spread model—either fixed, which tends to be more stable but sometimes wider, or variable, which can be tighter but at risk of sudden spikes during market surges. The absence of this detail at IFIC Bank raises a red flag for me as a trader prioritizing both transparency and predictable trading costs, particularly under volatile conditions where rapid spread changes can result in unintended losses. Personally, I would exercise maximum caution and seek out a broker who provides full transparency and regulatory assurances before considering any trading.